Which pay is added to the Basic Pay acco

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Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Use of Spreadsheet in Business Applications

Question:

Which pay is added to the Basic Pay according to the Designation of the employee and applicable pay band?

Options:

Dearness Pay

Grade Pay

Provident Fund

General pay

Correct Answer:

Grade Pay

Explanation:

The correct answer is option 2- Grade Pay.

Grade Pay is the pay to be added to the Basic Pay according to the Designation of the employee and applicable pay band or scale of pay.